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China's centrally administered State-owned enterprises saw strong profit and revenue growth in the first 11 months of the year, according to the State-owned Assets Supervision and Administration Commission. [Photo/Sipa]

China will levy tax on businesses and public institutions that discharge pollutants from April onward, based on the country's Environmental Protection Tax Law, which came into effect on Jan 1.

China's Permanent Representative to the United Nations Zhang Jun (C, Front) vetoes a UN Security Council draft resolution on Syria at the UN headquarters in New York, on Sept. 19, 2019. Zhang Jun said Thursday that China has to vote against a Security Council draft resolution on Syria as the text missed the essence of the humanitarian issue and failed to address China's core concerns. (Xinhua/Li Muzi)

China will develop a new area in the northern region parallel to the Shenzhen Special Economic Zone in the south and the Shanghai Pudong New Area in the east to serve as another economic engine and advance the coordinated development of the Beijing-Tianjin-Hebei region.

China's central State-owned enterprises saw their net profits surge 26.5 percent year-on-year to 226.4 billion yuan (.9 billion) in the first quarter of this year, thanks to measures including mixed ownership reform, the nation's top SOE regulator said on Thursday.